Funding you earn now, next payment 10:00 UTC+0.0207%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.017%
Price spread now: Arcus against Ondo Perps−0.264%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.264%, 7d avg +0.009%
=Together, before fees+0.045%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.273% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.264% now, against its 7-day average of +0.009%). If the spread goes back, that is −$27 on $10k: about 4.4 days of funding at the current rate (+$6 a day). At the pace of the last 4 days (+0.085% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps NBIS-USD.P | 230.99 | 0.0050 | pay 0.0006% / 1h | 54m 15s | $149K | $538K | 10x |
| Short | Arcus NBIS-USD | 230.38 | 0.0257 | get 0.0032% / 1h | 54m 15s | $42K | $124K | 5x |
Ondo Perps NBIS-USD.P
Arcus NBIS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.44
- Price spread: −0.264% → +0.009%
- −$27.32
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $6.62
- Costs to cover
- 0.095%
- Break-even
- 5.9 days
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 39 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 39 min ago | 3.30 bp | 6.8 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NBIS on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NBISUSDT | −0.0041% | 8h | 230.30 | −0.299% | $2.3M | $4.7M | 20x | as long as short |
| OKX NBIS-USDT-SWAP | 0.0000% | 8h | 230.49 | −0.216% | $3.2M | $16.4M | 25x | as long as short |
| Gate NBIS_USDT | 0.0000% | 8h | 230.41 | −0.251% | $2.7M | $5.0M | 50x | as long as short |
| SunX NBIS-USDT | 0.0000% | 8h | 230.47 | −0.225% | $1K | $1.6M | 10x | as long as short |
| Deribit NBIS_USDC-PERPETUAL | 0.0000% | 1h | 230.25 | −0.320% | $34K | $50K | 10x | as long as short |
| Phemex NBISUSDT | 0.0000% | 8h | 230.45 | −0.234% | $1.6M | $971K | 10x | as long as short |
| Variational Omni NBIS | +0.0011% | 8h | 231.16 | +0.074% | $2.8M | $639K | — | as long as short |
| Aster NBISUSDT | +0.0028% | 8h | 230.63 | −0.155% | $74K | $320K | 50x | as long as short |
| Vest NBIS-USD-PERP | +0.0046% | 1h | 230.51 | −0.208% | — | $246K | 5x | as long as short |
| Polymarket Perps NBIS-USD | +0.0050% | 1h | 230.32 | −0.290% | $137K | $467K | 10x | as long as short |
Bitget NBISUSDT
OKX NBIS-USDT-SWAP
Gate NBIS_USDT
SunX NBIS-USDT
Deribit NBIS_USDC-PERPETUAL
Phemex NBISUSDT
Variational Omni NBIS
Aster NBISUSDT
Vest NBIS-USD-PERP
Polymarket Perps NBIS-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX NBIS-USD | +0.0050% | 1h | 230.41 | −0.251% | $74 | $20K | 10x | as long as short |
| Ondo Perps NBIS-USD.Plong | +0.0050% | 1h | 230.99 | long leg | $149K | $538K | 10x | |
| QFEX NBIS-USD | +0.0054% | 1h | 230.40 | −0.255% | $1.5M | $3.7M | 10x | as long as short |
| BloFin NBIS-USDT | +0.0058% | 8h | 230.56 | −0.186% | $201K | $215K | 20x | as long as short |
| Extended NBIS-USD | +0.0064% | 1h | 230.37 | −0.268% | $145K | $856K | 10x | as long as short |
| Binance NBISUSDT | +0.0064% | 8h | 230.47 | −0.225% | $18.7M | $90.8M | 25x | as long as short |
| Nado NBIS-PERP | +0.0069% | 1h | 230.36 | −0.273% | $38K | $116K | 3x | as long as short |
| Coinbase International NBIS-PERP-INTX | +0.0088% | 1h | 230.31 | −0.294% | $380K | $867K | 10x | as long as short |
| KuCoin NBISUSDTM | +0.0100% | 8h | 230.47 | −0.225% | $467K | $107K | 20x | as long as short |
| Orderly PERP_NBIS_USDC_mythos | +0.0100% | 8h | 230.62 | −0.160% | $2K | $3K | 10x | as long as short |
| HTX NBIS-USDT | +0.0102% | 8h | 230.95 | −0.017% | $13K | $62K | 20x | as long as short |
| Aevo NBIS-PERP | +0.0104% | 1h | 230.55 | −0.192% | — | — | 10x | as long as short |
| Bybit NBISUSDT | +0.0146% | 8h | 230.37 | −0.268% | $4.9M | $6.8M | 50x | as long as short |
| tradeXYZ xyz:NBIS | +0.0242% | 1h | 230.37 | −0.268% | $54.1M | $21.8M | 10x | as long as short |
| Arcus NBIS-USDshort | +0.0257% | 1h | 230.38 | −0.264% | $42K | $124K | 5x | |
| Phoenix NBIS | +0.0277% | 1h | 230.93 | −0.026% | $7K | $127K | 10x | as long as short |
| Lighter NBIS | +0.0280% | 1h | 230.53 | −0.199% | $925K | $4.0M | 10x | as long as short |
| Entropy io:NBIS | +0.0681% | 1h | 230.57 | −0.182% | $10.1M | $3.2M | 10x | as long as short |
| edgeX NBISUSDC | +0.0719% | 4h | 231.07 | +0.035% | $37K | $226K | 10x | as long as short |
| Kraken Futures PF_NBISUSD | +0.0771% | 1h | 230.34 | −0.280% | $22K | $16K | 20x | as long as short |
| GRVT NBIS_USDT_Perp | +0.0822% | 8h | 231.19 | +0.087% | $5K | $114K | 10x | as long as short |
SoDEX NBIS-USD
QFEX NBIS-USD
BloFin NBIS-USDT
Extended NBIS-USD
Binance NBISUSDT
Nado NBIS-PERP
Coinbase International NBIS-PERP-INTX
KuCoin NBISUSDTM
Orderly PERP_NBIS_USDC_mythos
HTX NBIS-USDT
Aevo NBIS-PERP
Bybit NBISUSDT
tradeXYZ xyz:NBIS
Phoenix NBIS
Lighter NBIS
Entropy io:NBIS
edgeX NBISUSDC
Kraken Futures PF_NBISUSD
GRVT NBIS_USDT_Perp